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    3501 N Main St Altus, OK 73521

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    For Sale
    $1,713,315

    NNN leased Applebee's with annual rent increases in Altus, OK.

    Property size:
    4,854 SF
    Lot size:
    1.10 Acres

    Property Features for 3501 N Main St

    General Information

    Size
    4,854 SF
    Lot size
    1.10 Acres

    Source: Sands Investment Group (SIG) | Austin Agent Jordan Mulloy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Applebee's NNN Investment Opportunity

    This 4,854 square foot property is occupied by Applebee's, located at 3501 North Main Street in Altus, OK. The property is offered for sale and includes over 7 years remaining on a triple net (NNN) lease with zero landlord responsibilities. The lease features annual rent increases. The guarantor is RMH Franchise Holdings, which currently operates over 130 restaurants across 14 states. The location has a healthy rent to sales ratio. Nearby national retailers include Walmart Supercenter, Whataburger, Starbucks, Chick-fil-A, Chicken Express, Taco Bell, Hobby Lobby, and Pizza Hut. Altus is home to Altus Air Force Base, which supports over 2,000 permanent military personnel and trains over 2,000 students annually.
    Insight Report Location Intelligence

    Current Use by Public Records

    Applebee's Grill + Bar Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Altus
    County
    Jackson
    State
    Oklahoma
    Longitude
    -99.334953
    Latitude
    34.67472

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    FAQs

    What type of property is this?
    Restaurant - NNN leased Applebee's with annual rent increases in Altus, OK.
    Where is this restaurant located?
    The property is located at 3501 N Main St Altus, OK.
    What is the asking price?
    The asking price for this property is $1,713,315.
    What are key features of this property?
    This property features: - 7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities; - Annual Rent Increases Providing a Hedge Against Inflation; - Strong Guarantee From RMH Franchise Holdings – Operating Over 130 Restaurants
    (844) 474-4666
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    3501 N Main St Altus, OK 73521
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    Altus, OK 73521
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3501 N Main St Altus, OK 73521
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